- New Opportunities for Token Buying on the Spot Market
- Features of Trading on Jupiter DEX
- Improvements and New Tools for Users
Jupiter DEX has expanded its services by offering spot buying of new and risky meme tokens on the Solana blockchain. The new feature allows traders to directly purchase early liquidity tokens Pump.fun and Moonshot.
New Opportunities for Token Buying on the Spot Market
The new tool arrived just days after Pump.fun achieved an all-time transaction peak in August. The platform accounts for up to 30% of all Solana transactions each day, depending on specific activity spikes. The effects of Pump.fun have been felt since April and are likely to continue as access to trading tools improves. Moonshot trading is slower compared to Pump.fun, though offering more intuitive data on liquidity pairs.
Features of Trading on Jupiter DEX
Some of the most active destinations for Jupiter DEX trades in the last quarter include Raydium, Jupiter Perpetual Futures, and OpenBook V2. Jupiter is agnostic to the specific DEX and constantly rotates through Solana projects based on their ability to raise liquidity. Dexscreener's technology, used by Jupiter, tracks liquidity and trending tokens. Jupiter Spot ensures the swap and routing with applicable gas fees (SOL) and block inclusion.
Improvements and New Tools for Users
Jupiter has increased its capabilities for routing new tokens while providing the best possible slippage and fee conditions. Meme token trading remains risky and may require higher fees for faster sniping. However, new cheap tokens are also seen as a low-stakes bet for retail traders, allocating a few dollars to each launch. The introduction of a new cost-averaging tool that swaps SOL for JUP at the best available price automatically. JUP tokens can then earn income through simple staking or participate in active staking, adding community votes. The project aims to split its earnings evenly with the community, avoiding oversized influence and gains for the team.
This step represents a significant improvement for DEX users, providing new tools and opportunities for trading, as well as enhancing the liquidity of projects on Solana.
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